Jakarta, March 17 -- Deputy Minister of Industry, Faisol Riza, has said that Indonesia has the potential to take advantage of the momentum of factory relocations from China to ASEAN countries such as Vietnam.
"It offers a big opportunity," he added on Monday.
Regarding China's plan to relocate 630 of its furniture factories to Vietnam, he said that Indonesia could take advantage of this momentum to attract investors from China to establish their factories in the country.
This is due to the proposed reciprocal tariff protectionism policy from the United States (US), which will directly affect the industrial climate in the region, including Vietnam.
"Because Vietnam has a large trade balance with America, this reciprocity will have a bi...
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